"Canadian companies are experienced and capable in engineering and constructing roads, bridges, railways, ports and airports besides providing financing and expertise in private-public partnership (PPP)", said David Johnston, Governor General of Canada at a joint business meeting held in New Delhi today.

Addressing a joint meeting under the aegis of industry bodies
Assocham, CII and FICCI, David Johnston, Governor General of Canada
also acknowledged the several important spheres of collaborations one
is food security and agriculture, in which Canada already plays a
significant role here in India. Canada is also helping India meet its
food security objectives. The opportunities exist to collaborate in
food storage and processing, as well as in cold chain distribution.

In
Focus

?Energy security is another area in which we are working
together. Canada supplies India with a modest but growing supply of
petroleum, and great potential exists for Canada to become a supplier
of Liquefied natural gas (LNG). We also have expertise in nuclear,
hydro, solar and wind energy?, added Governor General of Canada at
the business meet.

Canada is delighted with the entering into force of the
Canada-India Nuclear Cooperation Agreement, which will allow our
firms to work together to supply materials, equipments and
technology, said the Governor General.

Canada Investment in India, total $644 million, while Indian
investment in Canada is valued at $ 3.7 billion in areas such as
education and innovation, infrastructure, and food and energy
security, said David Johnston.

In his welcome address Rana Kapoor President Assocham said, ?India
and Canada are nations built on shared values that celebrate
democracy, inclusiveness and diversity. As India navigates a
significant economic transformation, we truly believe that Canada,
with its advanced technologies & industries can truly support the
rapidly growing Indian economy to maintain its robust economic growth
rate. This will also provide Canadian MNC's sustainable and high
growth potential opportunities as compared to their traditional
trading partners?.

Canada has a vibrant community of approximately one million
Indo-Canadians and India?s demographic profile and human capital
are favourable for Canadian businesses. There is a tremendous scope
for co-operation in Healthcare, Education and R&D in Agri
business between both countries.

With India allowing 100% FDI in power units & proposing 10th
round of Oil & Gas auctions, there are immense prospects for
Canadian companies in this sector. Further, with Indian oil and gas
firms also looking to increase their investment in Canadian
Hydrocarbon sector, both Nations must partner in state of the art
technologies like Shale gas for reliable, secure and environmentally
responsible energy sources, added Kapoor.